Czech Billionaire Eyes German Utility Giant Uniper
A Potential Mega-Deal in the Making
Berlin is exploring options to divest its 99.12% stake in German state-owned utility Uniper, which was nationalized during Europe’s energy crisis in 2022. The sale, expected to be one of the largest in Europe in 2025, could fetch around 19 billion euros ($19.6 billion), although a discount is likely.
Czech Energy Holding Company EPH in the Running
Among the potential suitors approached by Berlin is Czech billionaire Daniel Kretinsky, whose investment vehicle EPCG majority-owns EPH. According to sources familiar with the matter, EPH is “part of the process,” although the talks remain confidential.
A Strategic Acquisition
Uniper’s sale could have significant implications for Europe’s energy landscape. As a major player in the industry, Uniper’s new owner would gain considerable influence over the region’s energy policy. Kretinsky’s EPH, with its extensive experience in the energy sector, could be an attractive buyer for Berlin.
Berlin Weighs Options
The German Finance Ministry, which oversees Berlin’s stake in Uniper, is considering various options, ranging from a partial to a full sale of its holding. The ministry has declined to comment on the matter, citing confidentiality.
A Deal of Epic Proportions
If successful, the sale of Uniper would be one of the largest deals in Europe this year. With its valuation of 19 billion euros, Uniper is an attractive target for investors looking to expand their presence in the energy sector. As the talks progress, all eyes will be on Berlin to see which direction they will take.
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